Township Retail – the New Growth Engine for South African Property
Stanlib Collective Investments
Q1 of 2024 | 5 months ago
A modern South African township, or ‘kasi’, has a dynamic economy of informal cash businesses, which fulfil the daily needs of its residents: spaza shops, street hawkers, barbers, taxis and taverns. Even though little of this kasi economy is captured by the official data, it is widely accepted that township GDP has grown at a staggering rate over the last decade. South African listed property companies with retail assets serving lower-income communities can confirm that their retail tenants have better weathered the economic difficulties that have followed Covid than their higher-LSM competitors.
Mohamed Shaheen Ebrahim was instrumental in the establishemnt of asset maager Oasis Crescent Manco.
Nedbank Investments's BettaBeta merged into CoreShares in 2015.
Asset manager Coronation saw a need for a shariah-complient leaning asset managemnt and in 2002, founded a standalone manager Kagiso AM (now Camissa AM).
Ninety One Fund Managers derived their name from the year it was founded, 1991, initially called Investec Asset Management.
Township Retail – the New Growth Engine for South African Property
Stanlib Collective Investments
Q1 of 2024 | 5 months ago
A modern South African township, or ‘kasi’, has a dynamic economy of informal cash businesses, which fulfil the daily needs of its residents: spaza shops, street hawkers, barbers, taxis and taverns. Even though little of this kasi economy is captured by the official data, it is widely accepted that township GDP has grown at a staggering rate over the last decade. South African listed property companies with retail assets serving lower-income communities can confirm that their retail tenants have better weathered the economic difficulties that have followed Covid than their higher-LSM competitors.
